Retail Property, Apartments in Colorado Sold

Principal Real Estate Investors has acquired The Orchards, a 73,904-square-foot shopping center in Greenwood Village, Colo., for $38 million, or $514/sf. The retail property, at 5926 South Holly St., is anchored by a 53,264-sf King Soopers grocery...

“The Weekly”

“The Weekly” is Commercial Real Estate Direct’s PDF newsletter, sent to subscribers every Friday morning. With over 100 news stories published on Commercial Real Estate Direct each week, “The Weekly” features the top stories in commercial real estate that industry participants need to know first. “The Weekly” also contains:

Breaking mortgage, CMBS, and REIT news

Quarterly league tables with rankings of B-piece buyers, book runners, and lenders

REITCafe

Challenging Retail Environment Weights on REITsMixed economic news is weighing on retail markets, pushing REIT performance down in 2015. This week, the National Retail Federation announced that back-to-school spending is expected to be down 9.3% in 2015. This news came on the heels of a report from the Commerce Department stating that retail sales declined 0.3%...

US REITs Feeling Effects from Turmoil in Greece and ChinaInternational economic forces have taken center stage this week, affecting both US stock markets and REITs. The crash in the Chinese stock market and ongoing concerns about the future of Greece in the eurozone drove markets down during the first half of the week. REITs fared better than the overall market...

What Does Increased Construction Mean for Apartment REITs?REITs so far this year have raised $17.1 billion of capital through the sale of unsecured notes, bringing the total raised over the past two and a half years to just more than $75 billion. That’s more than they raised during the previous five years. The massive volume shouldn’t be a surprise as it comes while the yield from 10-year Treasury bonds, the benchmark...

shouldn’t be a surprise as it comes while the yield from 10-year Treasury bonds, the benchmark against which most REIT’s price their bonds